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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.22%

Published 10/20/2016, 04:25 PM
Updated 10/20/2016, 04:25 PM
© Reuters.  U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.22%

Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Telecoms, Industrials and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.22%, while the S&P 500 index declined 0.14%, and the NASDAQ Composite index lost 0.09%.

The best performers of the session on the Dow Jones Industrial Average were American Express Company (NYSE:AXP), which rose 9.06% or 5.55 points to trade at 66.80 at the close. Meanwhile, UnitedHealth Group Incorporated (NYSE:UNH) added 0.50% or 0.72 points to end at 145.09 and Home Depot Inc (NYSE:HD) was up 0.27% or 0.34 points to 126.23 in late trade.

The worst performers of the session were The Travelers Companies Inc (NYSE:TRV), which fell 5.65% or 6.57 points to trade at 109.66 at the close. Verizon Communications Inc (NYSE:VZ) declined 2.48% or 1.25 points to end at 49.13 and Procter & Gamble Company (NYSE:PG) was down 0.75% or 0.65 points to 84.89.

The top performers on the S&P 500 were American Express Company (NYSE:AXP) which rose 9.06% to 66.80, Snap-On Incorporated (NYSE:SNA) which was up 6.63% to settle at 159.00 and Mattel Inc (NASDAQ:MAT) which gained 6.01% to close at 32.46.

The worst performers were eBay Inc (NASDAQ:EBAY) which was down 10.76% to 29.02 in late trade, Union Pacific Corporation (NYSE:UNP) which lost 6.72% to settle at 90.59 and The Travelers Companies Inc (NYSE:TRV) which was down 5.65% to 109.66 at the close.

The top performers on the NASDAQ Composite were DragonWave Inc (NASDAQ:DRWI) which rose 94.12% to 4.2900, Moleculin Biotech Inc (NASDAQ:MBRX) which was up 60.97% to settle at 4.33 and MannKind Corporation (NASDAQ:MNKD) which gained 29.97% to close at 0.610.

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The worst performers were First NBC Bank Holding Company (NASDAQ:FNBC) which was down 19.20% to 9.05 in late trade, Flexsteel Industries Inc (NASDAQ:FLXS) which lost 17.92% to settle at 41.40 and DXP Enterprises Inc (NASDAQ:DXPE) which was down 17.20% to 24.03 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1818 to 1296 and 98 ended unchanged; on the Nasdaq Stock Exchange, 1368 fell and 1099 advanced, while 154 ended unchanged.

Shares in UnitedHealth Group Incorporated (NYSE:UNH) rose to all time highs; gaining 0.50% or 0.72 to 145.09. Shares in First NBC Bank Holding Company (NASDAQ:FNBC) fell to all time lows; losing 19.20% or 2.15 to 9.05.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 4.51% to 13.76.

Gold for December delivery was down 0.25% or 3.15 to $1266.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 2.37% or 1.23 to hit $50.59 a barrel, while the December Brent oil contract fell 2.51% or 1.32 to trade at $51.35 a barrel.

EUR/USD was down 0.44% to 1.0926, while USD/JPY rose 0.46% to 103.94.

The US Dollar Index was up 0.44% at 98.30.

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